Iran Warns US and Israel Amid Escalating Tensions, Oil Tanker Incidents in Strait of Hormuz Spike Energy Prices

Iran's supreme leader has warned the United States and Israel of renewed attacks following threats to resume strikes after crucial elections in both countries. This escalation comes as Iran's Revolutionary Guard reportedly halted three oil tankers after "incidents" or hitting mines in the Strait of Hormuz, leading to a significant spike in global energy prices. Diplomatic efforts are underway to avert further fighting, with Qatari mediators in Tehran and a letter from the U.S. Vice President to Iran's security chief. An Associated Press analysis also detailed Iran's previous strikes on US bases in the Middle East, causing billions in equipment damage. OPEC+ is reportedly struggling with export disruptions from the ongoing Iran conflict, impacting their production targets.